The Qatar Stock Exchange (QSE) index managed to break the 13,000 points barrier by the end of the trading week of the second week of June, to reflect the direction of its share towards the green zone and add 299.130 points to its balance, with a growth rate of 2.340 percent to reach the level of 13.099 points.
In this context, the financial analyst, Nidal Al Khouli, in his reading of the development of the performance of the weekly Qatar Stock Exchange, confirmed that the latter managed to break the 13,000-point barrier, taking advantage of the movement witnessed by liquidity with the return of local funds to buy shares after a period characterized by profit-taking operations and the accompanying decline in liquidity volume.
Al Khouli said in a statement to Qatar News Agency (QNA) that the large levels of liquidity that were injected into Qatar Stock Exchange this week reflect the great confidence of local funds in listed Qatari companies, as these companies expect to achieve better results during the current year than those achieved in last year, which explains the increasing demand for buying shares of these companies.
The weekly report of Qatar Stock Exchange indicated that the market value increased by the end of the week’s trading to reach QR732.281bn, compared to its level last week of QR726.799bn, recording an increase of 0.75 percent.
Al Khouli pointed out that the Qatar Stock Exchange index will continue its upward trend during the coming period, expecting to exceed by the end of the year the record levels recorded earlier this year, adding, “this does not mean that we will not witness during the aforementioned period regressive and corrective situations associated with profit-taking operations and the international economic situation, which is characterized by large fluctuations”.
The report indicated that the value of stock trading during the week ending today amounted to QR3.141bn, through the sale of 901.813 million shares, executed by concluding 81305 deals.
